Regulatory Alerts2015-12-12
Ordinance No 29 of the BNB on Establishing the Procedure for Financing the Administrative Expenses of the Bulgarian Deposit Insurance Fund
The Bulgarian National Bank issued this Ordinance to establish the procedure and amount for levying annual fees from banks to finance the administrative expenses of the Bulgarian Deposit Insurance Fund. The total fee is capped at 0.0056 percent of covered deposits, with individual allocations calculated based on each bank's share of system-wide deposits. Collected funds are earmarked for administrative, technical, and provisioning costs, with provisions for using disposable funds or collecting extraordinary fees in case of budget revisions.
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